SEC Form 4 · accession 0001111928-17-000168
IPG PHOTONICS CORP · IPGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Trevor Ness
Officer — SVP, Worldwide Sales & Mrkting
Period of report
Dec 4, 2017
Accepted (ET)
Dec 6, 2017 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001111928
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 4, 2017 | M | 10,000 | $60.11 | A | 22,906 | D | |
| Common StockF2 | Dec 4, 2017 | S | 10,000 | $208.17 | D | 12,906 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $60.11 | Dec 4, 2017 | M | 10,000 | D | — | Feb 28, 2023 | Common Stock | 10,000 | 2,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 2, 2017.
- F2The reported transaction involves sales transactions from $200.48 to $226.34 per share. The weighted average price per share was $208.17. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer information regarding the number of shares sold at each separate price.
- F3Option vested in one installment on March 1, 2017.